CFO Shardul Doshi resigns effective 10 Dec 2025

CFO resignedManagement Changes View source PDF Explain this filing

ADFFOODS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹207.00

prior close

₹204.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.6% vs market

Packaged Foods peers, median of 38sector-0.1%-1.2% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.2 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.2

15m

-0.0

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.4-1.6-0.1-1.2

Next day

+2.8+0.7+2.1+0.6+2.2

+3.9+1.2+2.7+1.0+2.9

+4.8+0.6+4.2+0.1+4.7

+1.1-0.3+1.4+0.3+0.7

+0.7-0.7+1.4-1.5+2.3

+2.8+2.0+0.9+0.4+2.4

15d

-1.4+2.7-4.1+1.3-2.7

-5.8-2.3-3.5-5.9+0.1

+7.3+0.6+6.7-6.3+13.6

-9.7-8.3-1.4-12.0+2.3

UpDownMarket · Nifty Microcap 250Sector · Packaged Foods peers, median of 38Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ADF Foods informed exchanges that its CFO and Key Managerial Personnel, Mr. Shardul Doshi, has resigned to pursue new opportunities. He will be relieved from the close of business on 10 December 2025. The company appreciated his contributions and stated that the finance function will continue as usual in the interim. ADF Foods is in the process of finding a replacement and will update exchanges once appointed.

Likely market impact

Short-term uncertainty as company searches for a new CFO, though finance operations will continue uninterrupted. Watch for successor announcement.